This week, Democrats continued to push partisan, ill-conceived legislation through the House of Representatives. H.R. 1815, the “SEC Disclosure Effectiveness Testing Act” and H.R. 3624, the “Outsourcing Accountability Act,” neither of which will help everyday investors or strengthen our public markets, dominated this week’s discussions on the House floor, despite accomplishing nothing for… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), announced the following changes to the committee’s Republican leadership team:
Ranking Member of the Subcommittee on Housing, Community Development, and Insurance – Steve Stivers (OH-15)
Ranking Member of the Subcommittee on National Security, International Development, and Monetary Policy –… Read more »
WASHINGTON – Today, the House Financial Services Committee held a hearing to conduct its semi-annual review of the Consumer Financial Protection Bureau (CFPB). Despite CFPB Director Kathy Kraninger’s work to enhance financial innovation, protect consumers from abusive debt collection practices, and address the Bureau’s fundamental structural issues, Democrats have tried to hamstring the… Read more »
WASHINGTON – House Republicans have selected Congressman William Timmons (SC-4) to serve on the House Financial Services Committee. The top Republican on the Committee, Patrick McHenry (NC-10), issued the following statement in response:
“Congressman Timmons’ experience as a small business owner will make him a valuable addition to the Financial Services Committee as Republicans continue… Read more »
The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), delivered the following opening statement at a full committee hearing on debt collection practices and the best solutions for consumers and small business owners:
“Thank you, Madam Chair, and thank you to the witnesses for being here.
“A CFPB survey conducted in 2017 found that 63 percent of consumers… Read more »
WASHINGTON – The top Republican on the House Financial Services Committee, Patrick McHenry (NC-10) issued the following statement in response to the U.S. Securities and Exchange Commission’s (SEC) new rule to extend the “test-the-waters” accommodation to all issuers, enabling them to gauge market interest in initial public offerings (IPOs):
“I applaud the SECs commitment to strengthening… Read more »
Rep. Patrick McHenry introduces bill requiring central bank to report on security preparations
The top Republican lawmaker on an influential House committee wants the Federal Reserve to be more open about its cybersecurity preparations.
Rep. Patrick McHenry (R., N.C.), the ranking member of the House Financial Services Committee, this week introduced legislation that would compel the… Read more »
Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10) released the following statement on the appointment of Kristalina Georgieva as the new Managing Director of the International Monetary Fund (IMF).
“I congratulate Kristalina Georgieva and wish her well as she embarks on her new role at the IMF. I hope that Managing Director Georgieva will… Read more »
Washington – Congresswoman Carolyn B. Maloney (D-NY), Chair of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, and Congressman Patrick McHenry (R-NC), Ranking Member of the House Financial Services Committee, Tuesday introduced The Financial Transparency Act.
The legislation will make financial data more easily available and… Read more »
WASHINGTON – Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10) introduced new legislation to ensure the Federal Reserve is prioritizing cybersecurity and modernization to combat the growing threat of cyberattacks to our financial system.
“This summer, more than a million people fell victim to the most recent high-profile theft of customer… Read more »
